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Views: 56 DOM: 187 Updated: 05.04.24 Posted: 11.22.23 Status: Active

Summary

Price $1,780,000
Built/Renov 2023
Tenant Salad and Go
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 827
Lease Start 11-01-2023
#Units 100
Price/SF $2,152.36
Expiration 11-01-2043
Tenant Type Fast Food/QSR
NOI $89,000
R. Term 19.5
Ownership Leased Fee
Rent/SF $107.62
Increases 10.0%/5/yrs
Pop 5Mi 94,548
Lot/AC 0.54
Options 3/5yrs/10%
AHHI 5Mi $98,412

Lease Highlights

  • Brand-new 2023 construction
  • Salad & Go recently signed a brand-new 20-year lease with 3 (5-year) options to extend
  • Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Salad and Go is strategically located near the signalized, hard corner intersection of Hewitt Dr and Imperial Dr, with a combined daily traffic count of 46,600 vehicles. The property is located just west of Central Texas Marketplace, a shopping mall with major national tenants including Kohl’s, HomeGoods, and more. Furthermore, the site is within close proximity to multiple national/credit...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Salad and Go
  • Guarantor:Corporate
  • Company:And Go Concepts, LLC
  • # Units:100
  • Stock:Private

About Tenant

Founded in 2013 in Gilbert AZ, Salad and Go is a gourmet salad drive-thru restaurant chain located throughout the Phoenix Valley. The chain’s mission is to make ready-to-eat food available and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,864 43,638 90,312
2023 Total Population : 7,706 42,845 87,350
2023 Employed Civilian Pop : 4,025 21,829 43,372
2023 Total Businesses : 254 1,955 4,104
2023 Average Household Income : $ 104,150 $ 108,095 $ 99,716
2023 Total Consumer Spending : $ 245 M $ 1505 M $ 2922 M
2023 Median Age : 42 41 40
2023 Total Households : 2,720 16,233 33,965
2023 Pop Age 25+: Bachelor's Degree : 1,454 9,421 14,725
2023 Average Home Value : $ 230,585 $ 269,042 $ 260,621
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hewitt Dr Royal Dr 2010 27,540 0.02 mi
Pantherway Hewitt Dr 2010 3,140 0.11 mi
Pantherway Hewitt Dr 2010 7,420 0.14 mi
Regal Dr Hewitt Dr 2010 1,650 0.17 mi
Woodgate Dr Pantherway 2010 2,410 0.30 mi
Pantherway Ruidoso Dr 2010 6,560 0.47 mi
Lisa Dr Hewitt Dr 2002 23,000 0.50 mi
Van American Dr Meadow Mountain Dr 2010 2,380 0.56 mi
Woodgate Dr Van American Dr 2010 5,760 0.72 mi
North Hewitt Drive Laredo Dr 2020 25,529 0.80 mi

Listing Broker

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